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It depends. Use the “50% rule” to help you decide. For example, you should consider replacing the appliance if it is halfway through its lifespan and the repair will cost more than 50% of the price of a new one. Contrary to popular belief, repairing a major appliance is more wallet-friendly than purchasing a new one. While the cost of new home appliances can run as high as $8,000, the average cost to repair them is $170. If the appliance you’re trying to get rid of isn’t too old, consult a local appliance repair expert to see what can be done to restore it.

There are many warning signs that your small appliance needs to be repaired, with specific signs depending on the type of appliance. Here are some general warning signs that apply to all small appliances and indicate that a repair is a good idea:

• Visibly frayed wires or bent plug terminals

• Failure to turn on or operate normally

• Abnormal sounds during operation

• Plugging the appliance into multiple outlets shorts the breaker or trips GFID outlets

• Appliance emits strange odors during operation

Tankless water heaters won’t increase your electric bill. Since tankless water heaters are more efficient than tank water heaters, installing one in your home will actually allow you to save money on your electric bill. The Department of Energy estimates you can save $100 or more each year with a high-efficiency tankless water heater.

If you can’t get your microwave to stop tripping the breaker, hire a local appliance repair professional. They have the skills to quickly identify the problem and fix it. These professionals also have the knowledge and experience of working with appliances, so they know how to take the proper precautions to minimize the risk of electrical shock and fires.